Shares in open-end funds are ________ while shares in closed-end funds are ________.
A)redeemable; not redeemable
B)not redeemable; redeemable
C)front load; no-load
D)no-load; front load

Question

Quizplus · Accepted Answer

Open-end funds allow investors to buy or sell their shares at any time at the current net asset value (NAV), making them redeemable. On the other hand, closed-end funds have a fixed number of shares outstanding and trade on the stock exchange like any other stock, making them not redeemable.

Shares in Open-End Funds Are ________ While Shares in Closed-End